XRP community once again raised the issue of Coinbase relisting the token in the event of Judge Torres ruling in Ripple’s favor and the SEC appeals.
XRP members are emboldened by a previous ruling made by Judge Torres in SEC v. Rio Tinto case.
Prior to that, Judge Torres rendered a significant ruling against the SEC, which the SEC eventually appealed. Even though Torres’ decision was ultimately upheld by the appeals court, the process took a long time.
While this case has nothing to do with Ripple specifically, it does shed some light on the potential timetable of the legal proceedings involving XRP.
Hogan advises against inquiring as to the duration of the process.
On January 2021, Coinbase, a top U.S. digital currency exchange, removed XRP from its platform after the regulator filed a lawsuit against Ripple Labs, a major backer of the token.
In the filing, SEC alleged Ripple and its top execs of selling the asset as unregistered securities to investors.
While the community waits for a decision, there have been discussions about the top exchanges relisting the token because doing so would have a significant impact on the cryptocurrency’s price
